ASX Ltd annual net profit June 30, 2011

Indonesia stock info ASX Ltd annual net profit June 30, 2011 ; ASX Ltd, operator of Asia's third largest listed bourse, has met expectations with a 7 per cent rise in full-year net profit and says it is well positioned as it prepares for the introduction of competition.

ASX, which had a planned $7.8 billion takeover by Singapore Exchange blocked by the government in April, said it expected to complete the search a successor to chief executive Robert Elstone by its annual meeting on September 22.

Share market operator ASX Ltd has booked an annual net profit of $352.3 million, up 7.4 per cent on the prior year.

The result included $6.1 million in one-off expenses mostly related to transaction costs incurred on the proposed merger between ASX and Singapore Exchange Ltd.

Revenue for the 12 months to June 30, 2011 rose 8.6 per cent to $797.8 million. The company declared a final dividend of 93 cents per share, fully franked.

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